8x8 grants 234,500 RSUs to Chief Legal Officer
Denny Laurence reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Denny Laurence reported acquisition or exercise transactions in this Form 4 filing.
8x8 Inc. Chief Legal Officer Laurence Denny received a grant of 234,500 restricted stock units (RSUs) of common stock as equity compensation. The RSUs were granted at no cash cost and are a contingent right to receive an equal number of EGHT shares.
One-third of the award will vest on the first anniversary of the vesting commencement date of June 1, 2026, with 8.3375% vesting each quarter over the following eight quarters, subject to continued employment or association with the company. After this grant, Denny directly holds 643,782 shares of common stock.
Insider Trade Summary
Grant/Award: 234,500 shares
Grant/Award
1 txn
Insider
Denny Laurence
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 234,500 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 643,782 shares (Direct)
Footnotes (1)
- F1. Represents the grant of a restricted stock award. The RSUs shall vest with respect to one-third (33.3%) of the total number of underlying shares on the first anniversary of the Vesting Commencement Date of June 1, 2026, then eight and one-third percent (8.3375%) vesting each quarter thereafter, over a period of eight (8) quarters, subject to the participant's continued employment or other association with the Company. Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
Key Figures
RSUs granted: 234,500 units
Shares after transaction: 643,782 shares
Initial vesting portion: 33.3% of RSUs
+2 more
5 metrics
RSUs granted
234,500 units
Restricted stock units awarded to Chief Legal Officer on June 1, 2026 vesting schedule
Shares after transaction
643,782 shares
Total direct common stock holdings following RSU grant
Initial vesting portion
33.3% of RSUs
Vests on first anniversary of June 1, 2026 vesting commencement date
Subsequent quarterly vesting
8.3375% per quarter
Vests each quarter over eight quarters after initial vesting, subject to continued service
Transaction price per share
$0.0000 per share
Indicates grant/award acquisition, not a market purchase
Key Terms
restricted stock award, restricted stock unit, vesting commencement date, continued employment
4 terms
restricted stock award financial
"Represents the grant of a restricted stock award."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vesting commencement date financial
"on the first anniversary of the Vesting Commencement Date of June 1, 2026"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
continued employment financial
"subject to the participant's continued employment or other association with the Company"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did 8x8 (EGHT) report for Laurence Denny?
8x8 reported that Chief Legal Officer Laurence Denny received a grant of 234,500 restricted stock units of common stock. These RSUs are an equity compensation award, not a market purchase, and each unit represents a contingent right to receive one share of EGHT stock.
How do the new RSUs granted to 8x8 (EGHT) Chief Legal Officer vest?
The RSUs granted to 8x8’s Chief Legal Officer vest over time. One-third of the underlying shares vest on the first anniversary of the June 1, 2026 vesting commencement date, then 8.3375% of the award vests each quarter for eight quarters, subject to continued service.
Is the 8x8 (EGHT) RSU grant to Laurence Denny a stock purchase or compensation?
The 234,500-share award to Laurence Denny is compensation in the form of restricted stock units, not an open-market stock purchase. The transaction price per share is reported as zero, reflecting a grant or award acquisition rather than a cash investment in EGHT shares.
What conditions apply to the vesting of 8x8 (EGHT) RSUs granted to its Chief Legal Officer?
Vesting of the RSUs granted to 8x8’s Chief Legal Officer depends on continued employment or other association with the company. If that service condition is met, portions of the 234,500 restricted stock units vest on the anniversary date and in subsequent quarterly installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
